Tesla is hiring a bunch of designers so it can start selling humanoid robots by 2027
Business InsiderOCT 2023
Musk: Tesla's Humanoid Robots Ready for Internal Use by 2025
Above: Tesla founder Elon Musk. Image copyright: Marc Piasecki/Contributor/Getty Images Entertainment via Getty Images
The Spin
Narrative A
This announcement shows Musk is smartly diversifying Tesla in the midst of uncertainty in the EV market. With AI and automated vehicles expected to dominate the future of robotics, Musk stands uniquely positioned to profit from the coming robotics boom. Humanoid robots are not quite ready for prime time, but Musk has never been one to shy away from being an early adopter.
Narrative B
It can't be a coincidence that Musk, who's been promising robots and self-driving taxis for years, made this announcement on the same day as Tesla's quarterly earnings call. The billionaire has proven himself a great salesman but not necessarily a reliable narrator when it comes to technological advancements and accurate predictions.